26231 Kingsgate Lane
About This Property
The spacious main level includes a primary suite boasting an expansive en suite spa bathroom w/SAUNA as well as a private office & secondary bedroom. Upstairs is 3 additional living quarters & a tiered home theater.
The serene backyard oasis features open & covered seating areas, fireplace, pool & spa. The ½ court area allows for an easy game of pick-up ball. Plus, the 4/car garage provides ample parking & a project workspace. Zoned to these KATY ISD schools only, this home is conveniently located near shopping, amenities & major thoroughfares. Must see to believe! *attached is a list of the Home Upgrades, floor Plan - Buyer changed Mind
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 6, 2023 | Sold | ||
| Sold | |||
| Jan 26, 2023 | Listed by Keller Williams Realty - Memor | $1,083,225 | |
| Listed by Keller Williams Realty - Memor | |||
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About Woodcreek Reserve
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Last Updated: 5 months ago
Data Source: HAR , MLS# 15357614
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017